Why is AYM Syntex falling/rising?

As of 23-Jun, AYM Syntex Ltd's stock price is currently at 256.90, reflecting an increase of 6.8, or 2.72%. The stock has been gaining momentum, having outperformed its sector by 2.19% today and achieving a total return of 8.72% over the last two days. Despite opening with a loss of 2.04%, it reached an intraday high of Rs 262.6, indicating strong intraday volatility. Over the past week, the stock has shown a return of 1.28%, and over the past month, it has surged by 27.75%. However, the company faces challenges, including weak long-term fundamental strength, as evidenced by a low average Return on Capital Employed (ROCE) of 6.71% and declining profits, which may raise concerns among investors. Additionally, the lack of domestic mutual fund investment suggests a cautious sentiment towards the stock.
In the broader market context, AYM Syntex's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 0.12% over the past week and 0.22% over the past month. The stock's impressive returns over the last year, at 157.52%, and its long-term performance, with a 203.84% increase over three years, highlight its market-beating capabilities. However, the stock's valuation appears expensive relative to its fundamentals, and the decline in key financial metrics raises questions about its sustainability. Overall, while the stock is currently rising, the underlying financial weaknesses and investor sentiment may pose risks for future performance.